Notes to the Financial Statements
Notes to the Financial Statements
continued
23 Called up share capital
continued
2016
€’000
2015
€’000
GROUP AND COMPANY
16 million “A” ordinary shares of 8c each
2016
€’000 2015
€’000
1,400 1,400
(476) (215)
GROUP
Authorised:
240 million ordinary shares of 8c each
25 Other reserves
Property revaluation reserve
19,200 19,200
1,280 1,280
20,480 20,480
Foreign currency translation reserve
Capital redemption reserve
60 60
984 1,245
Property revaluation reserve 700 700
Foreign currency translation reserve (557) -
60 60
203 760
Movement in the year in issued share capital
COMPANY
Allotted, called up and fully paid presented as equity
At 1 January - 110,760,250 (2015: 110,760,250) ordinary shares of 8c each
Issued during the year - nil (2015: nil) ordinary shares of 8c each
Fully called during the year - nil (2015: nil) ordinary shares of 8c each
At 31 December - 110,760,250 (2015: 110,760,250) ordinary shares of 8c each
8,861 8,861
- -
- -
8,861 8,861
Allotted, called up and partly paid presented as equity
At 1 January - 7,699,910 (2015: 7,699,910) ordinary shares of 8c each
154
154
Issued during the year - nil (2015: nil) ordinary shares of 8c each - -
Fully called during the year - nil (2015: nil) ordinary shares of 8c each - -
154 154
At 31 December - 7,699,910 (2015: 7,699,910) ordinary shares of 8c each
Capital redemption reserve
The property revaluation reserve arose on the revaluation of freehold land and buildings. When revalued land and buildings are
sold, the portion of the property revaluation reserve that relates to that asset will be transferred directly to retained earnings.
The capital redemption reserve is a legal reserve which has arisen from the Company buying back and cancelling its ordinary
shares in 2013.
26 Retained earnings
€’000
Allotted, called up and partly paid shares are represented by share issues to the senior management team under the Uniphar
Executive Share Incentive Scheme. As part of this scheme, 7.5% of the Company’s total issued share capital is reserved for
management. These shares were issued as partly paid at €0.02 per share pending further calls by the Company when the
conditions for vesting are met.
2016
€’000
GROUP
2015
€’000
24 Share premium
9,015
2016
€’000
9,015
2015
€’000
GROUP AND COMPANY
Premium arising on shares issued
(50,123)
Profit for the year 6,214
Dividends paid to non-controlling interests (note 11) (53)
Unrealised foreign currency translation adjustments (15)
Reclassification from foreign currency translation reserve 29
Other comprehensive income relating to the year
Total allotted share capital:
At 31 December – 118,460,160 (2015: 118,460,160) ordinary shares
At 1 January 2015 (40,671)
At 1 January 2016 (40,671)
Profit for the year 4,964
Dividends paid to non-controlling interests (note 11) (3)
Unrealised foreign currency translation adjustments (506)
Other comprehensive expense relating to the year
20,675
20,675
3,277
At 31 December 2015
At 31 December 2016
(4,656)
(40,872)
COMPANY
At 1 January 2015
Profit for the year 2015 (note 10)
At 31 December 2015
Profit for the year (note 10)
At 31 December 2016
74 | Annual Report 2016
(23,597)
2,632
(20,965)
20,618
(347)
Annual Report 2016 | 75